Avacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and reagents, today announces that following the exercise of EMI share options by Group employees it has issued and allotted 289,472 new ordinary shares of 10 pence each in the Company (“Ordinary Shares”).
Application has been made for the Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 1 June 2020 . The Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.
Following Admission, the Company’s enlarged issued share capital will be 208,797,815. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.
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